Payment is deferred by using _______, but immediate access to funds occurs when using ______.
A) currency; demand deposits
B) credit cards; debit cards
C) demand deposits; savings deposits
D) debit cards; credit cards

Question

Quizplus · Accepted Answer

Credit cards allow for deferred payment, meaning the user can make purchases and pay for them at a later date. Debit cards, on the other hand, provide immediate access to the user's funds, deducting money directly from their bank account at the time of purchase.

Payment Is Deferred by Using _______, but Immediate Access to Funds